Fundamentals First ETF

C000242853 Fund Overview

Fundamentals First ETF is a US ETF managed by Mason Capital Fund Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Mason Capital Fund Trust
• Category: United States Multi-Cap / All-Cap Blend / Core Equity
• Assets under management: $6.93M
• 1-year return: 21.3%
• SEC CIK: 0001953487
• SEC series ID: S000080449
• Share class ID: C000242853

C000242853 Investment Objective and Strategy

Fundamentals First ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mason Capital Fund Trust.

Investment objective

The Fund seeks income and capital growth.

Principal investment strategy

The Funds investment strategy is a long-only, long-term approach as it seeks to buy and hold its investments, provided that such investments meet the investment criteria used by Mason Capital Partners, the Funds investment advisor (the Advisor). The Fund primarily invests in publicly-traded equity securities and fixed income securities. Equity securities include common stock and American Depositary Receipts (ADRs), both sponsored and unsponsored, and may be made in companies of any market capitalization, industry or geographical location including foreign and emerging market countries. The Fund considers issuers from foreign countries to be those issuers economically tied to a country or countries outside the United States. To determine whether an issuer is economically tied to a country outside the United States, the Advisor will consider whether the issuer is headquartered or has its principal place of business in a country outside the United States and the issuer is organized under the laws of the that country.

The Fund considers emerging market countries to be those represented in the MSCI Emerging Markets Index. With respect to fixed income securities, the Fund may invest in (1) domestic and foreign corporate bonds and notes (including commercial notes, unsecured promissory notes and variable rate notes) issued by domestic and foreign corporate issuers; (2) U.S. Treasury bills, notes and bonds; and (3) money market instruments including money market funds. The Fund may also gain investment exposure to fixed income securities by investing in exchange-traded funds (ETFs) that primarily invest in the same types of fixed income securities in which the Fund may invest. Fixed income holdings may be of any maturity, duration or credit rating, including high-yield bonds (also known as junk bonds). The Fund defines high-yield fixed income securities as corporate bonds or other bonds or debt instruments that are generally rated lower than Baa3 by Moodys Investors Service (Moodys) or lower than BBB- by Standard and Poors Rating Group (S&P).

The Fund will not invest more than 10% of its assets in high-yield fixed income securities. Investments in any one portfolio holding are limited to 5% of the Funds assets (except for money market funds and U.S. Treasury securities), measured at the time of purchase. In the event a holding comes to represent more than 5% of the Funds assets, the Fund will sell a portion of such holding to bring it the position to below 5% of the Funds assets. Under normal market conditions, the Fund intends to invest approximately 65%-90% of its net assets in equity securities and approximately 10%-35% of its net assets in fixed income securities. Investments are made once due diligence indicates that a company is deemed to be of sufficient quality and that the securities of that company are attractively priced as assessed by the Investment Team of the Advisor.

Due diligence includes a fundamental quantitative and qualitative assessment of a company and its securities. Typically, this process includes a review of a companys publicly filed financial statements and press releases as well as discussions with its executive and/or investor relations teams. The Fund is named Fundamentals First because the Advisor emphasizes fundamental investment research and analysis in managing the Fund. Fundamental analysis measures a securitys intrinsic value by examining related economic and financial factors, as well as market conditions. In conducting its own fundamental research on securities, the Advisor considers company filings and press releases, industry data and its own interviews with company management. The Advisor seeks to invest in companies which it believes have strong management that is focused on delivering shareholder value.

The Advisor uses its fundamental analysis process to select investments for the long-term with relatively low turnover. As a long-term investor, the Advisor considers itself to be an owner of a company rather than a short-term trader. The Advisor may decide to sell a holding if in its opinion the security or the company issuing the security no longer aligns with the objectives of the Fund. This may include a change to management, corporate structure, financials, future prospects of the business, or any other change that brings into question the potential benefit of holding such security. The Advisor may also sell a holding if the security or underlying company have failed to meet expectations that led to the initial investment. The Advisor may decrease the Funds exposure to a security without selling it entirely based on the same criteria, or as part of the strategy not to expose more capital to a specific security than is deemed reasonable.

C000242853 Holdings

Top 10 holdings of Fundamentals First ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000242853 holdings

C000242853 Portfolio Allocation

Asset-class allocation of Fundamentals First ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000242853 Performance

Total returns for C000242853 (as of 2026-10-01), from SEC filings.

C000242853 Risk Information

Risk metrics for C000242853, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.4%

C000242853 Costs and Fees

C000242853 costs about $109 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.09%
• Gross expense ratio: 1.09%
• Portfolio turnover: 8%
• Brokerage commissions: 4.74 bps of average net assets (SEC N-CEN)

C000242853 Cashflows

Over the 12 months to 2026-06, Fundamentals First ETF had net inflows of $1.43M, from monthly SEC N-PORT filings.

C000242853 Debt Constituents

No individual debt constituents are reported in Fundamentals First ETF's latest SEC N-PORT filing.

C000242853 Prospectus and SEC Filings

Official Fundamentals First ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-10-24
• Prospectus (485BPOS) — filed 2024-10-25
• Prospectus supplement (497) — filed 2024-11-04
• Portfolio holdings (N-PORT) — filed 2026-08-28
• Portfolio holdings (N-PORT) — filed 2026-05-27
• Portfolio holdings (N-PORT) — filed 2026-02-25
• Annual census (N-CEN) — filed 2026-09-09
• Annual census (N-CEN) — filed 2025-09-12

Related Funds

Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:

• MFS International Diversification Fund (MDIDX)
• Vanguard Lifestrategy Growth Fund (VASGX)
• Vanguard Lifestrategy Moderate Growth Fund (VSMGX)
• Vanguard Star Fund (VGSTX)
• Eaton Vance Short Duration Strategic Income Fund (ETSIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.